China’s Inflation to Moderate, Pressure Remains, NBS’ Sheng Says
Moderating economic growth, tightened liquidity, a good grain harvest and falling global commodity prices are all helping to ease inflationary pressure, he said at a briefing to discuss China’s third-quarter economic data.
Even so, inflation is still relatively high, Sheng said. Pressure from imported inflation remains and some long-term factors influencing prices will persist, such as higher labor and resource costs, he said.
The decline in the value of some currencies has increased currency risks for China’s exporters and added to their costs, he said.
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